Does living near MARTA make your home more valuable? Depends on which station.
Earlier today Estately, the national real estate listing website, published median home prices of houses, townhomes, and condos sold over the last six months within a one-mile radius of MARTA rail stations. Based on the sale price per square foot, the most expensive stops are unsurprising: the northern red line (three in Midtown and Buckhead) and the eastern blue line (East Lake, Decatur, Inman Park, and Avondale). In Decatur, homes near the Decatur station had a median sale price of $460,000. A number of factors likely contributed to that figure—including being within walking distance to the restaurants on the square as well as the Decatur High School—but it’s worth noting that the median home price for the entire city is $446,000, according to Zillow.
Meanwhile, minimal costly stops have been in neighborhoods south of I-20 and west of Downtown. And in lots of ways, the transit stops reflect the broader uneven housing recovery which has plagued southwest Atlanta, in accordance with the northeast swath from the city. Board a train at Five Points, its central station, and ride the train three stops in almost any direction to determine the disparity. Homes close to the Oakland City station, three stops south, offered for under a fifth from the cost ($43,075) of individuals close to the North Avenue station, three stops north ($230,000). It’s even starker on blue line: Should you ride east, you will see Inman Park, with a median cost of $325,000 then ride west to locate Ashby, where you’ll look for a median cost of $39,500. The homes near Buckhead’s stop offered for 11 occasions more per sq . ft . than individuals near to Hamilton E. Holmes, the westernmost visit the finish of blue line.